HarborOne Bancorp (HarborOne Bancorp) Cash-to-Debt : 0.40 (As of Dec. 2023)

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What is HarborOne Bancorp Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. HarborOne Bancorp's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.40.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, HarborOne Bancorp couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for HarborOne Bancorp's Cash-to-Debt or its related term are showing as below:

HONE' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.16 Med: 0.25 Max: 2.17
Current: 0.4

During the past 10 years, HarborOne Bancorp's highest Cash to Debt Ratio was 2.17. The lowest was 0.16. And the median was 0.25.

HONE's Cash-to-Debt is ranked worse than
76.18% of 1440 companies
in the Banks industry
Industry Median: 1.235 vs HONE: 0.40

HarborOne Bancorp Cash-to-Debt Historical Data

The historical data trend for HarborOne Bancorp's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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HarborOne Bancorp Cash-to-Debt Chart

HarborOne Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.55

1.12

2.17

0.23

0.40

HarborOne Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.23	0.40	0.40	0.48	0.40

Competitive Comparison of HarborOne Bancorp's Cash-to-Debt

For the Banks - Regional subindustry, HarborOne Bancorp's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

HarborOne Bancorp's Cash-to-Debt Distribution in the Banks Industry

For the Banks industry and Financial Services sector, HarborOne Bancorp's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where HarborOne Bancorp's Cash-to-Debt falls into.

HarborOne Bancorp Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

HarborOne Bancorp's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	227.35	/	(303	+	265.462)
	=	0.40

HarborOne Bancorp's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	227.35	/	(303	+	265.462)
	=	0.40

HarborOne Bancorp (NAS:HONE) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

HarborOne Bancorp Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of HarborOne Bancorp's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

HarborOne Bancorp (HarborOne Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HarborOne Bancorp Inc (NAS:HONE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

1S4:Germany

Address

770 Oak Street, Brockton, MA, USA, 02301

Website

https://www.harborone.com

HarborOne Bancorp Inc is a bank holding company. The company is engaged in providing financial services like accepting deposits, lending loans, online and mobile banking, cash management, credit cards, money market accounts, and wealth management. The Company has two reportable segments: HarborOne Bank and HarborOne Mortgage. The bank provides financial services to individuals and businesses online and through its 24 full-service branches located in Massachusetts and Rhode Island, one limited-service branch, and a commercial lending office in each of Boston, Massachusetts and Providence, Rhode Island.

Executives

Joseph F Casey	officer: President & COO	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Michael James Sullivan	director, officer: Chairman of the Board	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Linda Simmons	officer: Senior V.P., CFO	6 VALLEY DRIVE, SOUTH DARTMOUTH MA 02748
Brent W. Grable	officer: SVP, CHIEF INFORMATION OFFICER	HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Susan Bugnacki Stewart	officer: CHIEF HUMAN RESOURCES OFFICER	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Gordon Jezard	director	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Joseph E. Mcquade	officer: Chief Enterprise Risk Officer	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCTON MA 02301
Anne H. Margulies	director	C/O HENRY SCHEIN, INC., 135 DURYEA ROAD, MELVILLE NY 11747
James W. Blake	director, officer: CEO & Secretary	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
David E. Tryder	officer: Senior V. P. - CMO	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Barry R. Koretz	director	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Andreana Santangelo	director	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Kevin M. Hamel	officer: Chief Information Officer	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Inez Friedman-boyce	officer: General Counsel	C/O HARBORONE BANCORP, INC., 770 OAK STREET, BROCKTON MA 02301
Mark T Langone	officer: SVP-Chief Enterprise Risk Off